Convertibles – once a sign of open-air freedom and summer adventures – are fading away as companies shift to EVs and SUVs. Go to Source
Author: CNBC Online news
Elon Musk has more than 20 direct reports at Tesla — here are the ones we know about
Musk will need to lean on these deputies as Tesla brings two new factories to full production, and tries to fulfill elusive goals in service and self-driving. Go to Source
Ford’s supply chain problems include blue oval badges for F-Series pickups
The issue is the latest is a yearslong supply chain crisis that has included critical parts such as semiconductor chips, wire harnesses and raw materials. Go to Source
China’s CATL, a Tesla supplier, considers expanding battery swapping business overseas
CATL, the world’s largest electric vehicle battery maker, is a supplier to companies such as Tesla and Ford. Go to Source
Qualcomm’s first auto investor day offers signs the industry is embracing its tech platform
We think Qualcomm delivered with its first-ever automotive investor day. Go to Source
Ford to restructure supply chain following $1 billion in unexpected quarterly costs
The restructuring will be led on an interim basis by Ford CFO John Lawler until a chief supply chain officer is selected, Ford said. Go to Source
Xpeng breaks out of a lower price range with its most expensive car to date
Chinese electric car start-up Xpeng has released its most expensive car to date, marking the company’s foray into a higher price range. Go to Source
Marvell CEO tells Jim Cramer: We’re doing much better than our stock price suggests
Marvell’s Matt Murphy suggests Wall Street has recently misjudged both the Club holding’s present performance and future prospects. Go to Source
GM to close reservations for electric Hummer pickup, SUV after topping 90,000
The number of reservations is notable because of the starting prices of the vehicles, which range between roughly $85,000 and $111,000. Go to Source
Car buyers pay 10% above the sticker price, on average — or more if you want a Jeep or Porsche
With inventory limited, some sought-after cars, including the Jeep Wrangler, Ford Bronco and Porsche Macan, are selling for at least 20% above the MSRP. Go to Source